RLX Technology (NYSE:RLX) Issues Quarterly Earnings Results

RLX Technology (NYSE:RLX) announced its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03, Zacks reports. RLX Technology had a net margin of 23.27% and a return on equity of 5.74%. The company had revenue of $230.01 million during the quarter, compared to analysts’ expectations of $166.99 million.

Here are the key takeaways from RLX Technology’s conference call:

• RLX reported a very strong Q1 2026, with net revenue of RMB 1.59 billion, up 96.2% year over year and 38.9% quarter over quarter, driven mainly by international growth and contribution from its acquired European business.
• Profitability improved meaningfully, with gross margin rising to 31.8% and non-GAAP operating margin expanding to 19.6%, reflecting better product mix, supply chain optimization, and operating leverage.
• Management said its Nexus smart manufacturing hub is now fully operational, and it should boost self-manufacturing capacity, quality control, speed of decision-making, and protection of proprietary technology.
• The company highlighted a favorable regulatory backdrop in markets like the U.K., arguing that tighter rules on combustible cigarettes and higher compliance barriers could help established players like RLX gain share in regulated vape markets.
• RLX said it remains focused on Europe and Asia, entered two new markets in Southeast Asia and Europe during the quarter, and is still selective on M&A while not pursuing an immediate U.S. launch or large-scale HNB investment.

RLX Technology Trading Up 0.2%

Shares of RLX stock opened at $2.11 on Thursday. RLX Technology has a 12 month low of $1.95 and a 12 month high of $2.84. The company has a market capitalization of $3.26 billion, a P/E ratio of 23.39 and a beta of 1.16. The stock has a 50 day moving average of $2.18 and a two-hundred day moving average of $2.30.

Analyst Ratings Changes

Several research firms recently weighed in on RLX. Weiss Ratings reissued a “hold (c)” rating on shares of RLX Technology in a research note on Tuesday, April 21st. Wall Street Zen raised RLX Technology from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Citigroup dropped their price objective on RLX Technology from $2.60 to $2.50 and set a “neutral” rating on the stock in a report on Monday, March 16th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, RLX Technology presently has an average rating of “Hold” and an average price target of $2.50.

Institutional Investors Weigh In On RLX Technology

Several large investors have recently modified their holdings of RLX. Schonfeld Strategic Advisors LLC bought a new position in shares of RLX Technology during the fourth quarter valued at $26,000. Insigneo Advisory Services LLC acquired a new stake in shares of RLX Technology during the 4th quarter worth about $29,000. SmartHarvest Portfolios LLC bought a new position in RLX Technology during the 4th quarter valued at about $40,000. BNP Paribas Financial Markets bought a new position in RLX Technology during the 3rd quarter valued at about $60,000. Finally, Cresset Asset Management LLC acquired a new position in RLX Technology in the third quarter valued at about $66,000. 22.68% of the stock is currently owned by institutional investors.

RLX Technology Company Profile

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.